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**U.S.      SECURITIES AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-Q**

301

**THREE      SIGMA VENTURES INC.**

| Delaware                                       |   | 39-2053000                            |
|------------------------------------------------|--------|---------------------------------------|
| (State                or other jurisdiction of |   | (I.R.S.                employer       |
| incorporation                or organization)  |   | Identification                number) |

| #12A-1950                Government StreetVictoria,                British ColumbiaCanada |   | V8T                4N8    |
|-------------------------------------------------------------------------------------------|--------|---------------------------|
| (Address                of principal executive offices)                                   |   | (Zip                Code) |

| Large                accelerated filer o                                                                        | Accelerated                filer o         |
|-----------------------------------------------------------------------------------------------------------------|--------------------------------------------|
| Non-accelerated                filer   o (Do not                check if a smaller reporting company) | Smaller                reporting company x |

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**THREE      SIGMA VENTURES INC.**

**QUARTERLY      REPORT ON FORM 10-Q**

**FOR      FISCAL QUARTER ENDED SEPTEMBER 30, 2008**

**-      INDEX -**

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Page   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
| PART                I - FINANCIAL INFORMATION:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |        |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |        |   |
| Item                1. Financial Statements:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | 1      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |        |   |
| Balance                Sheets – September 30, 2008 (unaudited) and December 31, 2007                (audited)                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | F-1    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |        |   |
| Statement                of Operations for the nine months ending September 30, 2008 (unaudited),                for the period from March 5, 2007 to September 30, 2007 (unaudited),                for                the three months ending September 30, 2008 (unaudited), the three                month                period ending September 30, 2007 (unaudited), and for the cumulative                period during the development stage from March 5, 2007 (inception)                to                September 30, 2008 (unaudited) |   |   | F-2    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |        |   |
| Statement                of Cash Flows for the nine months ending September 30, 2008 (unaudited),                for the period from March 5, 2007 (inception) to September 30, 2007                (unaudited), and for the cumulative period during the development                stage                from March 5, 2007 (inception) to September 30, 2008                (unaudited)                                                                                                                                                            |   |   | F-3    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |        |   |
| Notes                to Unaudited Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | F-4    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |        |   |
| Item                2. Management's Discussion and Analysis of Financial Condition and                Results                of Operations                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | 2      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |        |   |
| Item                3. Quantitative and Qualitative Disclosures About Market                Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   | 3      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |
| Item                4T. Controls and Procedures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   | 3      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |        |   |
| PART                II - OTHER INFORMATION:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |        |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |        |   |
| Item                1. Legal Proceedings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 4      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |        |   |
| Item                1A. Risk Factors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   | 4      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |
| Item                2. Unregistered Sales of Equity Securities and Use of                Proceeds                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 4      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |        |   |
| Item                3. Defaults Upon Senior Securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | 4      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |        |   |
| Item                4. Submission of Matters to a Vote of Security Holders                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | 4      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |        |   |
| Item                5. Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 4      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |        |   |
| Item                6. Exhibits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   | 4      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |        |   |
| Signatures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | 5      |   |

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**PART      I - FINANCIAL INFORMATION**

**Item      1. Financial Statements.**

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**THREE      SIGMA VENTURES, INC.**

**(A      Development Stage Company)**

**BALANCE      SHEETS**

|                                                                                                                                                                                |   | September 30, 2008 |    | December 31, 2007 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|---------|-----------------------------|--------|
|                                                                                                                                                                                |   | (Unaudited)                  |    | (Audited)                   |   |
| ASSETS                                                                                                                                                                              |   |                         |    |                        |   |   |   |
| Current                assets:                                                                                                                                                      |   |                         |    |                        |   |   |   |
| Cash                and cash equivalents                                                                                                                                            |   | $                            | 7,296   |                        | $      | 28,158 |   |
| Total                assets                                                                                                                                                         |   | $                            | 7,296   |                        | $      | 28,158 |   |
|                                                                                                                                                                                |   |                         |    |                        |   |   |   |
| LIABILITIES                AND STOCKHOLDERS' DEFICIT                                                                                                                                |   |                         |    |                        |   |   |   |
|                                                                                                                                                                                |   |                         |    |                        |   |   |   |
| Current                liabilities:                                                                                                                                                 |   |                         |    |                        |   |   |   |
| Accrued                expenses                                                                                                                                                     |   | $                            | 3,100   |                        | $      | 7,345 |   |
| Notes                payable to officers, including accrued interest of $1,851 and $767                at                September 30, 2008 and December 31, 2007, respectively     |   |                         | 31,851  |                        |   | 30,767 |   |
| Notes                payable to stockholders, including accrued interest of $1,009 and                $286 at                September 30, 2008 and December 31, 2007, respectively |   |                         | 21,009  |                        |   | 20,286 |   |
| Total                current liabilities                                                                                                                                            |   |                         | 55,960  |                        |   | 58,398 |   |
|                                                                                                                                                                                |   |                         |    |                        |   |   |   |
| Stockholders'                deficit:                                                                                                                                               |   |                         |    |                        |   |   |   |
| Preferred                stock; $.0001 par value, 20,000,000 shares authorized, none issued                and                outstanding                                           |   |                         | -       |                        |   | - |   |
| Common                stock; $.0001 par value, 100,000,000 shares authorized, 9,000,000                issued                and outstanding                                        |   |                         | 900     |                        |   | 900 |   |
| Deficit                accumulated during the development stage                                                                                                                     |   |                         | (49,564 | )                           |   | (31,140 | ) |
|                                                                                                                                                                                |   |                         |    |                        |   |   |   |
| Total                stockholders' deficit                                                                                                                                          |   |                         | (48,664 | )                           |   | (30,240 | ) |
|                                                                                                                                                                                |   |                         |    |                        |   |   |   |
| Total                liabilities and stockholders' deficit                                                                                                                          |   | $                            | 7,296   |                        | $      | 28,158 |   |

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**THREE      SIGMA VENTURES, INC.**

**(A      Development Stage Company)**

**STATEMENTS      OF OPERATIONS**

|                                                                        |   | Nine-month period             |      | From March 5, 2007               |   | Three-month period            |                     | Three-month period            |      | From March 5, 2007               |   |
|-----------------------------------------------------------------------------|--------|------------------------------------|-----------|-------------------------------------------------|--------|------------------------------------|--------------------------|------------------------------------|-----------|-------------------------------------------------|--------|
|                                                                        |   | endingSeptember 30, 2008 |      | (Inception) toSeptember 30, 2007 |   | endingSeptember 30, 2008 |                     | endingSeptember 30, 2007 |      | (Inception) toSeptember 30, 2008 |   |
|                                                                        |   | (Unaudited)                        |      | (Unaudited)                                     |   | (Unaudited)                        |                     | (Unaudited)                        |      | (Unaudited)                                     |   |
| Operating                expenses:                                          |   |                               |      |                                            |   |                               |                     |                               |      |                                            |   |   |   |   |   |   |
| Selling,                general, and administrative expenses                |   | $                                  | 16,617    |                                            | $      | 21,352                             |                     | $                                  | 7,065     |                                            | $      | 20,629 |   | $ | 46,704 |   |
|                                                                        |   |                               |      |                                            |   |                               |                     |                               |      |                                            |   |   |   |   |   |   |
| Other                expense:                                               |   |                               |      |                                            |   |                               |                     |                               |      |                                            |   |   |   |   |   |   |
| Interest                expense-related party                               |   |                               | 1,084     |                                            |   | 333                                |                     |                               | 363       |                                            |   | 81 |   |   | 1,851 |   |
| Interest                expense                                             |   |                               | 723       |                                            |   | -                                  |                     |                               | 243       |                                            |   | - |   |   | 1,009 |   |
|                                                                        |   |                               |      |                                            |   |                               |                     |                               |      |                                            |   |   |   |   |   |   |
| Net                loss                                                     |   | $                                  | (18,424   | )                                               | $      | (21,685                            | )                        | $                                  | (7,671    | )                                               | $      | (20,710 | ) | $ | (49,564 | ) |
|                                                                        |   |                               |      |                                            |   |                               |                     |                               |      |                                            |   |   |   |   |   |   |
| Basic                and diluted earnings per common share                  |   | $                                  | (0.00     | )                                               | $      | (0.00                              | )                        | $                                  | (0.00     | )                                               | $      | (0.00 | ) |   |   |   |
|                                                                        |   |                               |      |                                            |   |                               |                     |                               |      |                                            |   |   |   |   |   |   |
| Basic                and diluted weighted average common shares outstanding |   |                               | 9,000,000 |                             |   | 5,000,000                          |      |                               | 9,000,000 |                             |   | 5,000,000 |      |   |   |   |

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**THREE      SIGMA VENTURES, INC.**

**(A      Development Stage Company)**

**STATEMENTS      OF CASH FLOWS**

|                                                                                                                   |   | Nine-month period              |    | From March 5, 2007                     |   | From March 5, 2007                     |                           |
|------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------|---------|-------------------------------------------------------|--------|-------------------------------------------------------|--------------------------------|
|                                                                                                                   |   | ending September 30, 2008 |    | (Inception) to September 30, 2007 |   | (Inception) to September 30, 2008 |                           |
|                                                                                                                   |   | (Unaudited)                              |    | (Unaudited)                                           |   | (Unaudited)                                           |                           |
| Cash flows from operating activities:                                                              |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Net                loss                                                                                                |   | $                                        | (18,424 | )                                                     | $      | (21,685                                               | )                              | $ | (49,564 | ) |
|                                                                                                                   |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Adjustments                to reconcile net loss to net cash used in operating                activities:              |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Changes                in operating assets and liabilities:                                                            |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Accrued                interest on promissory notes to officers                                                        |   |                                     | 1,084   |                                                  |   | 333                                                   |                           |   | 1,851 |   |
| Accrued                interest on promissory notes to stockholders                                                    |   |                                     | 723     |                                                  |   | -                                                     |                           |   | 1,009 |   |
| Increase                (decrease) accounts payable and accrued expenses                                               |   |                                     | (4,245  | )                                                     |   | 11,159                                                |                           |   | 3,100 |   |
|                                                                                                                   |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Net                cash used in operating activities                                                                   |   |                                     | (20,862 | )                                                     |   | (10,193                                               | )                              |   | (43,604 | ) |
|                                                                                                                   |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Cash                flows from financing activities:                                                                   |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
|                                                                                                                   |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Proceeds                from issuance of promissory notes payable to officers                                          |   |                                     | -       |                                                  |   | 30,000                                                |                           |   | 30,000 |   |
| Proceeds                from issuance of promissory notes payable to stockholders                                      |   |                                     | -       |                                                  |   | -                                                     |                           |   | 20,000 |   |
| Proceeds                from issuance of shares of common stock                                                        |   |                                     | -       |                                                  |   | 500                                                   |                           |   | 900 |   |
|                                                                                                                   |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Net                cash provided by financing activities                                                               |   |                                     | -       |                                                  |   | 30,500                                                |                           |   | 50,900 |   |
|                                                                                                                   |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Net                increase (decrease) in cash                                                                         |   |                                     | (20,862 | )                                                     |   | 20,307                                                |                           |   | 7,296 |   |
|                                                                                                                   |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Cash,                beginning of period                                                                               |   |                                     | 28,158  |                                                  |   | -                                                     |                           |   | - |   |
|                                                                                                                   |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Cash,                end of period                                                                                     |   | $                                        | 7,296   |                                                  | $      | 20,307                                                |                           | $ | 7,296 |   |
|                                                                                                                   |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Supplemental                information:                                                                               |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Cash                paid for interest                                                                                  |   | $                                        | -       |                                                  | $      | -                                                     |                           | $ | - |   |
|                                                                                                                   |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Cash                paid for taxes                                                                                     |   | $                                        | -       |                                                  | $      | -                                                     |                           | $ | - |   |
|                                                                                                                   |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Noncash                investing and financing activities:                                                             |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
|                                                                                                                   |   |                                     |    |                                                  |   |                                                  |                           |   |   |   |
| Issuance                of shares of common stock and corresponding increase in subscription                receivable |   | $                                        | -       |                                   | $      | 500                                                   |       | $ | 900 |   |

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**THREE      SIGMA VENTURES, INC.**

**(A      Development Stage Company)**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS **

**Note      1 - Organization and Description of Business, Basis of Presentation and Going      Concern**

**Organization      and Description of Business**

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**THREE      SIGMA VENTURES, INC.**

**(A      Development Stage Company)**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS **

**Basis      of Presentation and Going Concern**

**Note      2 - Summary of Significant Accounting Policies **

**Cash      and Cash Equivalents **

**Development      Stage**

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**THREE      SIGMA VENTURES, INC.**

**(A      Development Stage Company)**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS **

**Note      2 - Summary of Significant Accounting Policies- Continued**

**Fair      Value of Financial Instruments **

**Income      Taxes **

**Use      of Estimates **

**Basic      and Diluted Earnings per Common Share **

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**THREE      SIGMA VENTURES, INC.**

**(A      Development Stage Company)**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS **

**Note      2 - Summary of Significant Accounting Policies- Continued**

**Accrued      Expenses **

**Recently      Issued Accounting Pronouncements**

**Note      3 - Related Party Transactions**

**Note      4 - Notes Payable**

**Note      5 - Stockholders’ Deficit**

**Preferred      Stock**

**Common      Stock**

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**Item      2. Management’s Discussion and Analysis of Financial Condition and Results of      Operations.**

*Forward      Looking Statement Notice*

*Description      of Business*

*Liquidity      and Capital Resources*

|                                                                |   |                         |    | Cumulative Period From                 |   |
|---------------------------------------------------------------------|--------|------------------------------|---------|--------------------------------------------------|--------|
|                                                                |   | Nine Months Ended  |    | March 5, 2007 (Inception) to |   |
|                                                                |   | September 30, 2008 |    | September 30, 2008                     |   |
| Net                cash (used) in operating activities              |   | $                            | (20,862 | )                                                | $      | (43,604 | ) |
| Net                cash (used) in investing activities              |   | $                            | 0       |                                             | $      | 0 |   |
| Net                cash provided by financing activities            |   | $                            | 0       |                                             | $      | 50,900 |   |
| Net                increase (decrease) in cash and cash equivalents |   | $                            | (20,862 | )                                      | $      | 7,296 |   |

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*Results      of Operations*

*Off-Balance      Sheet Arrangements*

** **

*Contractual      Obligations*

**Item      3. Quantitative and Qualitative Disclosures About Market      Risk.**

**Item      4T. Controls and Procedures.**

*Evaluation      of Disclosure Controls and Procedures*

*Changes      in Internal Controls*

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**PART      II — OTHER INFORMATION**

**Item      1. Legal Proceedings.**

**Item      1A. Risk Factors.**

**Item      2. Unregistered Sales of Equity Securities and Use of      Proceeds.**

**Item      3. Defaults Upon Senior Securities.**

**Item      4. Submission of Matters to a Vote of Security Holders.**

**Item      5. Other Information.**

**Item      6. Exhibits.**

| Exhibit No. |   | Description                                                                                                                                                                                                                                                                                            |
|------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|             |   |                                                                                                                                                                                                                                                                                                   |
| *3.1             |   | Certificate                of Incorporation, as filed with the Delaware Secretary of State on                March                5, 2007.                                                                                                                                                             |
| *3.2             |   | By-Laws.                                                                                                                                                                                                                                                                                               |
| 31.1             |   | Certification                of the Company’s Principal Executive Officer pursuant to Section 302 of                the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly                Report on Form 10-Q for the quarter ended September 30,                2008. |
| 31.2             |   | Certification                of the Company’s Principal Financial Officer pursuant to Section 302 of                the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly                Report on Form 10-Q for the quarter ended September 30,                2008. |
| 32.1             |   | Certification                of the Company’s Principal Executive Officer pursuant to 18 U.S.C. Section                1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act                of                2002.                                                                 |
| 32.2             |   | Certification                of the Company’s Principal Financial Officer pursuant to 18 U.S.C. Section                1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act                of                2002.                                                                 |

| * | Filed                as an exhibit to the Company's Registration Statement on Form 10,                as filed                with the Securities and Exchange Commission on July 2, 2008, and                incorporated herein by this                reference. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**SIGNATURES**

       Pursuant      to the requirements of the Securities Exchange Act of 1934, as amended, the      Registrant has duly caused the report to be signed on its behalf by the      undersigned thereunto duly authorized.

| Dated:                November 14, 2008 | THREE                SIGMA VENTURES INC. |
|-----------------------------------------|------------------------------------------|
|                               |                                |    |
|                                    | By:                            | /s/                John A. Kuehne |
|                                    | John                A. KuehnePresident   |

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